mhoyeTo spell this out clearly, the reason RAM has quadrupled in price is that a huge quantity of RAM that hasn't been produced yet has been bought with money that doesn't exist to populate GPUs that also haven't been produced to go in datacenters that haven't been built powered by infrastructure that may never exist to meet a demand that doesn't exist at all to make profit margins that mathematically can't exist while economists talk about this thing they call the "rational markets hypothesis".
Gabriele Svelto@mhoye yes, that's pretty much what happened with the important exception of things being "sold". Nothing was actually sold. Only letters of intents were signed. No money changed hands, no contracts where drawn or signed, but prices were definitely manipulated. The rest is the usual smoke & mirrors we get when dealing with AI.
etsy@gabrielesvelto @mhoye while it's all the same functionally, let's not pretend like credit isn't a normal thing, lmao.
@etsyy @gabrielesvelto a single creditor’s actions wildly distorting the present day market by speculatively announcing their intention to buy two fifths of the entire market of a product in the future, where their ability to use that product at all is itself speculative, is not normal, no.